A court has frozen up to $1.14 billion in assets belonging to the founders of Three Arrows Capital (3AC), a now-defunct cryptocurrency hedge fund. The order prevents Su Zhu, Kyle Davies, and Davies' wife, Kelly Chen, from transferring or selling these assets. The freeze comes as Three Arrows Capital faces liquidation. The firm was once one of the largest crypto-focused hedge funds before a series of risky bets led to its demise last year, amid a broader crypto market rout. According to liquidator Teneo, the freeze order was issued by a British Virgin Islands court. Teneo estimates that 3AC creditors are owed about ... (full story)